Evolution Mining Limited · ASX:EVN
Evolution Mining — Sydney Mining Club (December 2023)
20 slides from Evolution Mining's conference presentation, Dec 7, 2023
Slide 1: Inspired people creating a premier global gold company
Inspired people creating a premier global gold company SYDNEY MINING CLUB Lawrie Conway – Managing Director and Chief Executive Officer 7 December 2023
Slide 2: Acknowledgement of Country
ah Ree, Acknowledgement of Country Evolution Mining would like to acknowledge the traditional custodians of the land on which we operate: Gadigal People of the Eora Nation at Sydney The Wiradjuri People at Cowal The Traditional Owners at Mungari The Port Curtis Coral Coast People at Mt Rawdon The Mi
Slide 3: Forward Looking Statement
FORWARD LOOKING STATEMENT These materials prepared by Evolution Mining Limited (“Evolution” or “the Company”) include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend
Slide 4: Evolution Snapshot
EVOLUTION SNAPSHOT MARKET CAPITALISATION1 $7.0B MINERAL RESOURCES2 30Moz gold, 1.8Mt copper Canada Red Lake ORE RESERVES2 11Moz gold, 1Mt copper FY24 PRODUCTION ~789koz +/- 5% (gold) GUIDANCE3 ~62.5k +/- 5% (copper) Australia FY24 AISC GUIDANCE3 $1,340/oz +/- 5% 21 consecutive dividends paid DIVIDEN
Slide 5: Clear and Consistent Strategy
CLEAR AND CONSISTENT STRATEGY A business that prospers through the cycle Create sustainable value for stakeholders in an environmentally and socially responsible way High performing culture with values and reputation as non-negotiables Willing to take appropriate geological, operational and financia
Slide 6: Acquisition of Northparkes (80%)
ACQUISITION OF NORTHPARKES (80%) Established, long-life copper-gold asset with significant upside potential Australia Queensland N On strategy Creating a portfolio of long-life gold & copper assets New South Wales Immediate cash generating asset NSW Strong YTD1 CY2023 cash flows Northparkes Well-est
Slide 7: Creating Career Highlights
CREATING CAREER HIGHLIGHTS ❖ 2,657 employees in Australia and Canada ✓ Values-driven culture and safety is our priority 19% ✓ Well-established programs recognising 81% employee contributions and fostering talent development Male Female ▪ ‘Act Like an Owner’ recognition program ❖ 6% indigenous employ
Slide 8: Cowal is a Cornerstone Asset
COWAL IS A CORNERSTONE ASSET Gold production Operating Cash Flow FY23 (ounces)* FY23 Cowal Cowal 42% 39% Mineral Resources Ore Reserves December 2022 (ounces)1 December 2022 (ounces)1 Cowal Cowal 29% 41% FY24 Guidance ~320,000oz gold at $1,250/oz AISC 8
Slide 9: Virtual Site Visit
> ica _ VIRTUAL SITE VISIT »
Slide 10: Mine Life Extended Time and Time Again
MINE LIFE EXTENDED TIME AND TIME AGAIN Purchased from Barrick Total investment of ~$1.4B (to end FY23) including ~$100M exploration $0.7B Stage H, float tails leach, integrated waste landform new underground mine ▪ 2015 2017 2021 2023 9-year mine life Mine life extended Mine life extended New ~2024
Slide 11: Delivering Growth – Open Cut and Underground
DELIVERING GROWTH – OPEN CUT AND UNDERGROUND Current operations – E42 Pit (Stage H) Underground mine development • Increasing ore tonnes and grade • First stope ore delivered in Q3 FY23, 10,000+ development metres completed in FY23 • Strip ratio of <1:1 • Paste plant commissioning is progressing, en
Slide 12: Economic Value Created Since Acquisition in 2015
ECONOMIC VALUE CREATED SINCE ACQUISITION IN 2015 B AS E D O N C U R R E N T S P E N D - $ M ( E X C L U D E S I N F L AT I O N I M PAC T ) $M 1,800 1,590 1,600 1,400 1,200 1,180 1,000 800 600 530 410 460 395 400 200 135 140 0 Local Region Total local and regional Royalties spend Initial Mine life Cu
Slide 13: Our Stories: Positive Partnerships
FIRST NATION PARTNERSHIPS OUR STORIES 2023 inaugural First Nation Summit Award winning Galari Agricultural Traineeship programs Project COMMUNITIES POSITIVE PARTNERSHIPS Supporting at times of need – Our Gold - 2016 & 2022 Melbourne Cups West Wyalong community Central West floods 2022 Our Silver - 2
Slide 14: Summary
SUMMARY Focus on safe and reliable operational delivery – margin over ounces Cowal is a cornerstone asset with enormous potential Organic growth options to deliver long term return Creating sustainable benefits for all our stakeholders 14
Slide 15: Evolution Mining
Evolution MINING
Slide 16: Group Gold Mineral Resources at December 2022
GROUP GOLD MINERAL RESOURCES AT 31 DECEMBER 2022 ( W I T H E R N E S T H E N R Y J U N E 2 0 2 3 M I N E R A L R E S O U R C E U P D AT E ) Gold Measured Indicated Inferred Total Resource Gold Gold Gold Gold Gold Gold Gold Cut-off Tonnes Tonnes Tonnes Gold Metal CP7 Project Type Tonnes (Mt) Grade Me
Slide 17: Group Gold Ore Reserves at December 2022
GROUP GOLD ORE RESERVES AT 31 DECEMBER 2022 ( W I T H E R N E S T H E N R Y J U N E 2 0 2 3 O R E R E S E R V E U P D AT E ) Gold Proved Probable Total Reserve Competent Cut-off Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Tonnes Gold Grade Gold Metal Person8 Project Type (g/t Au) (Mt)
Slide 18: Group Resources & Reserves at December 2022 – Contained Copper
GROUP RESOURCES & RESERVES AT 31 DECEMBER 2022 ( W I T H E R N E S T H E N R Y J U N E 2 0 2 3 O R E R E S E R V E A N D M I N E R A L R E S O U R C E U P D AT E S ) Group Mineral Resource – contained copper Copper Measured Indicated Inferred Total Resource Copper CP3 Tonnes Copper Tonnes Copper Cop
Slide 19: Northparkes Mineral Resource as at December 2022
NORTHPARKES ORE RESERVES AS AT 31 DECEMBER 2022 Northparkes – Mineral Resource Measured Indicated Inferred Total Resources Total Contained Metal Copper Gold Silver Copper Gold Silver Copper Gold Silver Copper Gold Silver Copper Gold Silver Tonnes Tonnes Tonnes Tonnes Deposit Grade Grade Grade Grade
Slide 20: Northparkes Ore Reserves as at December 2022
NORTHPARKES ORE RESERVES AS AT 31 DECEMBER 2022 Northparkes – Ore Reserves Proven Probable Total Reserves Contained Metal Recovery CMOC 80% Share Copper Gold Silver Copper Gold Silver Copper Gold Silver Copper Gold Copper Gold Silver Tonnes Tonnes Tonnes Tonnes Copper Gold Silver Deposit Grade Grade
Evolution Mining — Sydney Mining Club (December 2023) on 6ix